Global Value Chains in a Changing World
Edited by Deborah K. Elms and Patrick Low

Global value chains are a major driving force of globalization. This volume is the product of a dialogue with policy makers in the Asian region, where economists, political scientists, management specialists, development thinkers and business executives joined together in an exploration of the multiple dimensions of supply chains: what drives them, how they operate, how they adapt in a rapidly changing world, and what they mean for development and for policy.

The global value chain phenomenon promotes integration on multiple levels. Today’s international production systems confound traditional ways of looking at investment, production, finance, information systems and technology. These can no longer be seen as separate, meriting distinct attention and discrete policy treatment. The international fragmentation of production has generated the opposite of fragmentation – a complex networked system of production and consumption with innumerable moving, interactive parts.

Co-published with the Fung Global Institute and the Temasek Foundation.